II Technology LLC

Item 5 – Fees and Compensation

A. Fees for Advisory Services

Asset Management Fees

For asset management services, II Technology charges a single-tier advisory fee of 6.25
basis points per month (0.75% annually) based on the average daily value of the assets in
the managed account during the applicable billing period.

 Assets Under Management:         Basis Points per Month:          Annual Percentage:
   All Assets – Single Tier                6.25                         0.75%

The advisory fee is billed monthly in arrears. Unless otherwise provided in the Client’s
advisory agreement, the advisory fee is calculated on the value of all assets in the
managed account, including investments in the ARMOR Core ETF. Securities held in

accounts managed by II Technology are independently valued by the Client’s custodian. II
Technology does not have authority or responsibility to value portfolio securities.

Certain Clients may remain subject to legacy fee schedules or other negotiated fee
arrangements.

Sub-Adviser to ETF Fees

II Technology serves as sub-adviser to the ARMOR Core ETF and receives a sub-advisory
fee based on the ARMOR Core ETF’s assets under management (“Sub-Advisory Fee”).
The ARMOR Core ETF charges a unitary management fee to its shareholders. Exchange
Traded Concepts, LLC, the ARMOR Core ETF’s investment adviser, receives this fee and
pays a portion of it to II Technology for its sub-advisory services. II Technology does not
receive any portion of commissions, transaction fees, or other brokerage costs generated
by the ARMOR Core ETF. The Sub-Advisory Fee is generally calculated daily and paid
monthly in arrears based on the ARMOR Core ETF’s average net asset value during the
month.

ARMOR Core ETF – Conflicts and Layered Fees

II Technology serves as discretionary sub-adviser to the ARMOR Core ETF and receives
compensation at the fund level based on the ARMOR Core ETF’s assets. Because this
compensation generally increases as the ARMOR Core ETF’s assets increase, II
Technology has a financial incentive to recommend or allocate Client assets to the
ARMOR Core ETF rather than to investments that do not generate similar compensation.

Clients investing in the ARMOR Core ETF also indirectly bear a portion of the fund’s
operating expenses, as reflected in the fund’s expense ratio, in addition to the advisory
fee paid to II Technology for managing the Client’s account. Unless otherwise agreed in
writing, II Technology’s advisory fee is not reduced by the ARMOR Core ETF’s operating
expenses. Accordingly, a Client investing in the ARMOR Core ETF generally will bear two
layers of fees and expenses: (i) the advisory fee charged for management of the Client’s
account and (ii) the Client’s indirect share of the ARMOR Core ETF’s operating expenses.

Additional information about the ARMOR Core ETF, including its fees and risks, is
contained in the fund’s prospectus and Statement of Additional Information, which are
available upon request.

Data Licensing Fees

For data licensing, II Technology charges a single-tier licensing fee of 3 basis points per
month (0.36% annually) on Assets Under Advisement.

 Assets Under Advisement:         Basis Points per Month:          Annual Percentage:
  All Assets – Single Tier                   3                          0.36%

“Assets Under Advisement” means the Data Licensee’s total assets for which the Data
Licensee incorporates the output of II Technology’s Active Risk Management Overlay

Regimen® (“ARMOR™”) into its trading and investment management decisions, regardless
of the final trading or investment decisions made by the Data Licensee. If applicable, loan
values and/or notional values are included as additional assets.

Because II Technology does not manage Data Licensee assets, II Technology does not
value portfolio securities for Data Licensees.

II Technology may negotiate alternative fees on a Client-by-Client or Data Licensee-by-
Data Licensee basis, as applicable. The relevant Client’s or Data Licensee’s facts,
circumstances, and needs are considered in determining the applicable fee schedule.

B. Fee Billing

Unless otherwise specified in a Client’s written agreement with II Technology:

Asset Management

Asset Management Fees are payable monthly in arrears. Fees are calculated by II
Technology, and the Client’s qualified custodian is notified of the amount to be deducted
from the Client’s account. The calculated fee is automatically deducted from the Client’s
account by the qualified custodian with the Client’s written authorization. Clients receive
statements from the qualified custodian reflecting the deduction of the investment
advisory fee. Clients should review the advisory fees reflected on their custodian
statements and compare them to any fee information provided by II Technology. The
custodian does not independently verify the accuracy of advisory fee calculations.
Clients provide written authorization permitting II Technology to be paid directly from
their accounts held by the custodian as part of the investment advisory agreement and
separate account forms provided by the custodian.

Data Licensing

Data Licensing Fees are payable monthly in arrears. Fees are calculated as specified in
the Data Licensee’s written agreement with II Technology. All invoiced fees are due within
seven (7) days of the invoice date.

C. Other Fees and Expenses

Clients may incur certain fees and charges imposed by third parties, other than II
Technology, in connection with the implementation of II Technology’s investment
recommendations. Each Client is responsible for all custody and securities execution fees
charged by the custodian and executing broker-dealer. Fees charged by II Technology
are separate from, and in addition to, these custody and execution fees. See Item 12 –
Brokerage Practices for additional information.

In addition to fees paid to II Technology, Clients may indirectly bear the operating
...

Item 7 – Types of Clients

II Technology offers investment advisory services to individuals, high-net-worth
individuals, registered investment advisers, registered investment companies, including
exchange-traded funds, and other institutional investors. The percentage of each type of
Client is reported in II Technology’s Form ADV Part 1A and is updated at least annually.

II Technology generally requires a minimum account size of $1,000,000 for Asset
Management services and a minimum Assets Under Advisement level of $25,000,000 for
Data Licensing services, as determined under the applicable data licensing agreement.